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Business News

Tech, consumer stocks lift Wall Street

NEW YORK (Reuters) – Wall Street’s three major indexes rose on Monday, with technology and consumer stocks providing the strongest boost as investors bet on a continuation of strong economic growth while falling oil prices weighed on the energy sector.

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Oil falls 2 percent, U.S. crude hits lowest since early April

Oil prices fell about 2 percent on Monday, with U.S. crude touching its lowest level in nearly two months, breaking below technical support levels as investors kept selling amid growing U.S. production, possible global supply growth and nagging trade tensions. “We are breaking key levels of support now,” said Phillip Streible, analyst at RJO Futures in Chicago. OPEC ministers from Saudi Arabia, the United Arab Emirates, Kuwait and Algeria, along with their counterpart from non-OPEC Oman, met unofficially in Kuwait on Saturday. …read more […]

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The Latest: Guatemala volcano death toll rises to 62

The known death toll for the eruption of Guatemala’s Volcano of Fire has taken a sudden jump upward. The director of Guatemala’s National Institute of Forensic Science says that 62 bodies have been recovered following the eruption. The bodies were recovered in the hamlets of Los Lotes and El Rodeo. …read more […]